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20121001
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the data for today's jobs report: joel prakken, chairman of macro- economic advisers. you know, joel, we regularly get revisions on these kinds of statistics about the job market. so what is your take on the picture, the true picture of the job market? what do you think, is it perking up? >> recent data produced either by adp or the bureau of labor statistics suggests that employment is growing, but grudgingly slow. today's number, for example, from the adp national employment report of 162,000 gain in jobs in september would barely be enough, if enough, to push the unemployment rate down this month. so we're making progress, it's painfully slow. the hole we're in is very deep, we're climbing out at a very slow pace. we need to do more. >> susie: the number that is supposed to come out on friday most economists are pricting it will be around 128,000 new jobs created works the unemployment rate notching up to 8.2%. with the unemployment rate above 8%, what impact will that have on the outcome for the election? >> well, it wouldn't be a surprise if the unemployment rate was at 8% on friday
eastabrook, "n.b.r.," chicago. >> tom: joel prakken is the chairman of macro-economic advisers. he is with us from st. louis. you heard the report on the potential of covered insurance damage is a case of economic activity delayed or destroyed. >> well, all manner of economic activity will be delayed for a few days if not a few weeks. much of that will be made up within the fourth quarter. so fourth quarter gdp growt is likely to be little affected, i would say, by these dlays.la i would t be surprised, however, if macroeconomic advisors index of s gdp by month fluctuates wildly down october and wildly up in november. bethe storm will, however, destroy some productive ca approximatesity-- capacity. and the extent that our ca pass toits produce goods and services is undermined thth will be a longer lasting restraint on gdp growth s the important question is how much productive capacity will be in fact destroyed. the granddaddy of all storms, of course n this regard is katrina. government estimates are that about a hundred billion dollars of the nation's capital sck was destroyed then. cbo esti
instant reaction from joel prakken. in corporate news, richard schultz is pressing forward with a possible $11 billion buyout of the retailer. schultz and at least four private equity firms have reportedly started examining the books of the economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all right, andrew. thank you. >>> my stories don't deserve that music? okay. thank you. you know what? i'm so nervo
Search Results 0 to 10 of about 11 (some duplicates have been removed)